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8090 [49]
3 years ago
10

On July 1, 2017, Torvill Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract

price of $1,672,000. On July 1, Torvill estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019.
Business
1 answer:
a_sh-v [17]3 years ago
7 0
What is your question? :)
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Yes is a  market-oriented mission statement.

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Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr
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Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

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Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0
3 years ago
econd Street, Inc. has 7 units in ending merchandise inventory on December 31. The units were purchased in November for $180 eac
jarptica [38.1K]

Answer:

D

Explanation:

The cost of goods sold would increase by $2

6 0
3 years ago
Read 2 more answers
A U.S.-owned car factory in Mexico produces $5 million of cars. $2.5 million of these cars are sold in Mexico and the other $2.5
Dahasolnce [82]

Answer:

The amounted contributed to U.S.GDP is $2 million

Explanation:

First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.

On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m

7 0
3 years ago
The three common types of checking accounts are basic, interest-bearing, and lifeline?
otez555 [7]

Answer:

True

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Quizlet: Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts.

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2 years ago
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